HABIB BANK LIMITED. versus MARVI LABORATORIES
Banking Companies (Loans, Progress, Credit and Recovery of Financial Resources) Ordinance 1997 Section 9 Recovery suit for leave to defend jurisdiction The two loans were granted to the defendants on the basis of markup that the High Court jurisdiction. To bring in, the plaintiff had spread his claim that the plaintiff's claim was based on the outstanding balance shown in the books of his account and that the court had denied that part of the claim was within his jurisdiction. Couldn't take it out, because the issue had to be determined. The plaintiff's litigation jurisdiction was designated for convenience purposes only. Loan amount was the sale price and the loan amount included with the markup was declared as the purchase price in the markup transaction, no serious or false dispute was raised, leave
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